The Fusion Boom
The futuristic technology is attracting billions
Interest in the nuclear fusion industry has exploded in recent years, with scientists and companies all over the world inching towards the breakthrough moment where a fusion reaction generates more power than it consumes and fulfils the long-held promise of limitless clean energy.
There are now dozens of different technologies being trialled across the world, and billions in funding pouring in, as revealed by a recent report from the Fusion Industry Association.
Fusion Funding
Notable investments in 2022
"The number of fusion companies around the world continues to grow, in what can only be described as a technology explosion"
Andrew Holland, CEO, Fusion Industry Association'
A global industry
The fusion industry is spreading across the globe, with companies in many countries – but the US dominates
Different approaches
There are various different approaches to fusion being trialled
Timeline of when fusion companies were founded
1992:
Princeton Fusion Ststems
1998:
TAE Technologies
2002:
General Fusion
2003:
LPPFusion, Inc
2005:
SHINE Technologies
2008:
Horne Technologies
NK Labs LLC
2009:
Magneto-Inertial Fusion Technology Inc. (MIFTI)
Tokamak Energy
2011:
First Light Fusion
2013:
Helion Energy
2015:
CTFusion Inc.
2017:
HB11 Energy
Zap Energy
2018:
Avalanche Energy
Commonwealth Fusion System
Compact Fusion Systems, Inc.
HelicitySpace Corporation
ENN
2019:
Crossfire Fusion Ltd
Fuse
Kyoto Fusioneering
Novatron Fusion
Marvel Fusion
N.T. Tao
Type One Energy Group
2020:
Electric Fusion Ltd
Renaissance Fusion
2021:
Energy Singularity Fusion Power Technology
EX- Fusion
Focused Energy
Helical Fusion
NearStar Fusion
Openstar Technologies
2022:
Duetelio
The Energy (Formerly Princeton Stellarators)
Realta Fusion
Xcimer Energy Inc.
General Atomoics' Fusion Division
Blue Laser Fusion
LaserFusion X
Stellarex, Inc
2023:
Proxima Fusion
Built with Shorthand